According to a report over at Androidpolice.com, it appears that we will not see Android 5.0 Key Lime Pie at Google I/O but only an update to Jelly Bean, Android 4.3.

Since Google I/O is scheduled to start in less than a month it is now less likely that we will see the new Android 5.0 Key Lime Pie during the presentation, which also means it could be dry on the hardware side. According to the server logs and bulid that are floating around, Google might talk about Android 4.3 Jelly Bean. The server logs show Nexus 7 and Nexus 4 devices running on build JWR23B.

Since Jelly Bean currently can be found on about 28 percent of all Android devices, we certainly hope that the new version will get more share for it. The new report is pretty much in line with the previous rumor that Google decided to postpone the Android 5.0 Key Lime Pie in order to give OEMs some breathing space.

While we wait for the Key Lime Pie version of the Android OS, Google has now officially decided to talk about its "new version of the Jelly Bean", the Android 4.2.

Although not quite a minor update, the new Google Android 4.2 will bring a new settings menu accessible from the notification bar with support for multiple user profile with quick switching on the lock screen. These multiple user profiles will be quite useful in case you decide you want, or simply forced, to share your big Nexus 10 tablet.

The UI itself, at least the 10-inch version, got a minor design tweak with center navigation buttons and top positioned notification area. When we say minor design tweak, we mean when compared to previously released "tablet-only" Honeycomb Android, as this time around, Google has decided that all devices including phones and its Nexus 7 tablet should look the same.

The photo section got a new feature called the Photo Sphere, and this one can be considered as a direct response to recent Apple bragging about its panorama mode. The Photo Sphere is quite similar except for the fact that it allows you to move the phone in any direction that you obviously like.

The keyboard got a minor Gesture Typing feature, Google Search got a new look, while Google Now will now be connected to your Google e-mail account and "monitor" (apparently just in order to keep you on schedule) your e-mail content for flight numbers, hotel and restaurant reservations, purchased tickets for shows and that sort of thing.